Great Portland Estates PLC 21 September 2006 21 September 2006 Great Portland expands in Southwark, SE1 Great Portland Estates plc ("GPE") announces the expansion of its business in Southwark through; The submission of a planning application for a major mixed use development totaling 188,000 sq ft at 240 Blackfriars Road, SE1; The purchase of the 38,300 sq ft Delfina Studios in Bermondsey Street, SE1 for £8.1 million. At Blackfriars Road, following the £3.0 million purchase of the last remaining part of the island site from housing charity Novas, GPE has increased the size of its proposed development from 131,000 sq ft to 188,000 sq ft, up from the existing building's 34,000 sq ft. The proposed 15 storey office building, designed by leading London architects Allford Hall Monaghan Morris, will incorporate flexible 12,000 sq ft floors and 2,300 sq ft of retail and restaurant accommodation. An adjoining residential building will provide 10 apartments. In a separate transaction, GPE has acquired Delfina Studios in Bermondsey Street for £8.1 million. The buildings comprise 38,000 sq ft of B1 studio and warehouse space on a 0.6 acre site. A planning application will be submitted shortly to the London Borough of Southwark for a refurbishment and partial new build development to provide 49,000 sq ft of offices, retail and restaurant space with completion scheduled for autumn 2008. Toby Courtauld, GPE Chief Executive, said: "240 Blackfriars Road, an important part of our medium-term development programme, will play a key role in the regeneration of this part of the Southbank. Delfina joins the Group's extensive near-term programme and provides us with an opportunity for some creative redevelopment, from a low entry cost, in this rapidly improving part of the Capital." To access photograph please cut and paste the below link into your web browser: 240 Blackfriars Road, SE1. Contacts: Great Portland Estates plc Toby Courtauld Chief Executive 020 7647 3042 Neil Thompson Development Director 020 7647 3029 Finsbury Gordon Simpson 020 7251 3801 James Murgatroyd This information is provided by RNS The company news service from the London Stock Exchange